TMI BlogAmendment of section 43B.X X X X Extracts X X X X X X X X Extracts X X X X ..... ee as interest on any loan or borrowing from a deposit taking non-banking financial company or systemically important non-deposit taking non-banking financial company, in accordance with the terms and conditions of the agreement governing such loan or borrowing, or ; (ii) after Explanation 3A, the following Explanation shall be inserted, namely: Explanation 3AA.- For the rem ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... er clause (da), shall be allowed if such interest has been actually paid and any interest referred to in that clause which has been converted into a loan or borrowing shall not be deemed to have been actually paid. ; (iv) in Explanation 4, after clause (d), the following clauses shall be inserted, namely: (e) deposit taking non-banking financial company means a non-banking f ..... X X X X Extracts X X X X X X X X Extracts X X X X
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